Listed by JDS Real Estate Services, Inc., Cobe Real Estate
$2,800,000
5320 College Blvd
Details
APN 302-78-854A & 855A
Property Type Office
Sub Type Medical Office, Cath Lab
Square Footage 6,330
Cap Rate 8.18%
NOI $229,154
Occupancy 100%
Tenancy Single
Brand/Tenant Dr. Correa
Lease Type NNN
Lease Term 5
Rent Bumps Yes
Class B
Year Built 1984
Investment Type Net Lease
Lease Commencement 05/01/2023
100% Leased Medical Office • 8.20% CAP • 6,330 SF
Marketing description
This prime medical space is conveniently located in one of the largest medical hubs in Overland Park. It's located approximately 2 minutes south of I-435. There is easy access to the property from both College Blvd. and 110th St. The area is bustling with nearby traffic from medical centers, including Children's Mercy Hospital - Kansas. It's located within a mile from Overland Park Convention Center, as well. Surrounded with national food joints, this medical hub is kept busy all day long.
Investment highlights
- Fully Leased Cath Lab for Sale
- 5-Year NNN Lease, with 3% annual increases
- 8.18% Cap
- Approximately 64,000 VPD at the intersection of College Blvd. and Nall Ave.
Listing Contacts
Listed by JDS Real Estate Services, Inc., Cobe Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$229,154.00
$19,096.17/mo
Valuation Metrics
0
DSCR
8.18%
Cap Rate
8.18%
ROI
Map
Zoning
CP-O PlannedPlanned Office Building
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